Russia becomes global real estate leader
According to a new study by the Royal Institution of Chartered Surveyors, strong demand and rising prices have made Russia’s real estate market one of the most lucrative in the world. These factors are expected to lead to a construction boom, especially in Russian regions.
Russia took 8th place in the number of new real estate coming onto the market, also coming ahead of the U.S., Scandinavia and Germany in investment expectations. Russia took first place in total capitalization of the real estate market.
The article is abridged and first published in Russian in RBC Daily.